🐳 🦢 is all in on O&G and they’ve finally admitted that the chemicals business isn’t worth keeping. Shell wants to be a trading and energy company with only 4 trading hubs (refineries). No plans yet what they’ll actually do with chemicals but it won’t be in the picture long term and the split between chemicals and refining makes sense now. So we built this brand new facility in monaca only to exit the business and hopefully find a buyer???
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So we build billion-dollar assets just to sell them off and chase stock buybacks. At this point it feels less like strategy and more like a slow-motion garage sale.
Thinking BP had extra proven reserves in the gulf of America that would benefit Shell.
You are correct,, Shell would just abuse the opportunity, if given the chance.
if shell bought BP (it won’t, they offer nothing of use and have a lot of debt) then we would probably just sell them for pennies on the dollar 1-2 years later. that’s what we have done with every single acquisition under 🐳 🦢
Honestly,,, do we believe that these assets are “attractive “ as a JV? Only option is a sale or possibly a non operated JV. Shell is doing everything it can to ki-l the morale of staff for the last 6-8 years with all the divestment and re orgs. Employees have been conditioned that taking a role at another location places them in a high likelihood of being divested. So you can imagine how that affects the candidate pool. Many employees actually believe the company would do much better without all the internal noise Shell has created. (Re orgs, DEI rapid promotions, divestments, burdensome internal requirements, offshoring technical engineering without personal ownership,). Shell has become just another “place” to work and nothing special. As an investment case, there are much better places to get a return. One option that could work is the BP merger to ensure a future supply of crude for years to come. It would be worth the price of admission to watch the office politics between BP and Shell.
Saving our way to prosperity….and liquidation. Limbo discounts anyone? One for a dime, three for a quarter.
No, we're not raising cash for DEI. We're going to pull a J&J and make a spinco with our chem assets plus all our spare cash plus our DEI exposures.
And then it will declare bankruptcy.
Hey, can we put the execs who made Shell the DEI-iest company of 'em all into spinco too? That alone will boost our share price.
wow and to think we were just thinking of buying lydonell. seriously whats with the adhd
We need to raise cash to fund our DEI settlements.
How much did we end up spending on Monaca? Deer Park, gone. What's left of Canada after we sell? And Louisiana, we're not banking on energy credits anymore right?
Jeez, what do we do with Woodcreek?
i don’t know how many times i have to say this but 🐳 🦢 only knows one trick and it’s cutting
the doubters are shrinking yet somehow still have numbers. there is no plan. wake up. he sells stuff then buys stock and prays the stock will go up. that’s it. there’s no merger. there is only meeting ceo pay bonus targets for cost cuts before golden parachuting away into the sunset and leaving us with the ruins.
Every site/asset that shell has sold ends of being more profitable with the new owners. Shell has too many processes to allow a site to run efficiently and effectively. Most of the times we make money in spite of ourselves.
At this point, just sell it completely to a competent company. No more Shell ties. Tired of YL’s messaging.
Value added, time to move on. Or do you interpret that we would competently operate those facilities , build a business, and then move on. What if YL thought that after building Monaca, staff were unlikely to run it well and to build a business and brand that added value? Hmmm... that is a dilemma. I'm not so sure Shell is known for operating low cost and successfully creating a consumer base that would follow in a sell off.
Perhaps even YL shares a no confidence in our ability to operate.
Sell it all, become small enough to be purchased by competent owner and competent set of leadership. I want someone to buy us out at a premium.